June 14, 2019 11:22 AM. DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages.

DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages.

Terms of the deal were not disclosed. Quicken Loans to pay $32.5M to settle lawsuit over bad loans DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the.

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Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages. Crain’s Detroit Business says the agreement, with no admission of wrongdoing, was disclosed Friday by Gerald Rosen, a former judge who served as mediator.

Quicken Loans has agreed to pay $32.5 million to settle claims that the lending giant resold faulty mortgages to the Federal Housing Administration. After the announcement of the agreement Friday, the lawsuit was dismissed by a federal judge.

DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages. The deal was disclosed.